CHALCO(601600)2024-10-29 09:55Financial Performance - Revenue for Q3 2024 reached RMB 63,060,133, an increase of 16.04% year-over-year[2] - Net profit attributable to shareholders was RMB 2,000,316, up 3.34% compared to the same period last year[2] - Net profit excluding non-recurring gains and losses for the year-to-date was RMB 8,715,901, reflecting a significant increase of 76.81% year-over-year[5] - Basic earnings per share for the year-to-date were RMB 0.525, an increase of 69.90% compared to the same period last year[5] - Operating profit increased to CNY 17.41 billion, up 55.5% from CNY 11.20 billion year-on-year[13] - Net profit attributable to shareholders of the parent company reached CNY 9.02 billion, a significant increase of 68.8% from CNY 5.35 billion in the previous year[13] - The net profit for the first three quarters of 2024 was CNY 5,059,702 thousand, up 79.3% from CNY 2,816,198 thousand in the first three quarters of 2023[21] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to RMB 214,250,471, representing a 1.18% increase from the end of the previous year[3] - Total assets as of September 30, 2024, were CNY 124.91 billion, down from CNY 127.79 billion at the end of 2023[18] - Total liabilities decreased to RMB 104,287,328 thousand from RMB 112,866,670 thousand, a reduction of approximately 7.66%[12] - The total liabilities decreased to CNY 69,302,913 thousand in Q3 2024 from CNY 75,017,311 thousand in Q3 2023, a reduction of 7.3%[20] - The company’s long-term borrowings increased to CNY 22,796,375 thousand in Q3 2024 from CNY 20,603,000 thousand in Q3 2023, marking an increase of 10.6%[20] Cash Flow - The net cash flow from operating activities for Q3 2024 was RMB 10,069,118, a decrease of 0.25% year-over-year[2] - Cash flow from operating activities generated CNY 23.62 billion, an increase of 15.4% compared to CNY 20.40 billion in the same period last year[16] - Cash flow from operating activities generated a net amount of CNY 4,702,706 thousand, compared to CNY 2,765,880 thousand in the same period last year, reflecting a significant increase of 69.9%[23] - The company reported a net cash outflow from financing activities of CNY 19.27 billion, compared to a net outflow of CNY 14.87 billion in the previous year[17] - The cash outflow from financing activities totaled CNY 14,898,118 thousand in Q3 2024, down from CNY 20,397,449 thousand in Q3 2023, indicating a decrease of 26.7%[25] Shareholder Information - The company reported a total of 333,361 common shareholders at the end of the reporting period[7] - The company’s equity attributable to shareholders increased by 11.64% year-over-year, reaching RMB 67,497,562[3] - Shareholders' equity increased to RMB 109,963,143 thousand from RMB 98,889,139 thousand, reflecting a growth of about 11.06%[12] - The total equity of the company rose to CNY 55,606,411 thousand in Q3 2024, up from CNY 52,767,872 thousand in Q3 2023, reflecting a growth of 5.5%[20] Production and Operations - The production of metallurgical-grade alumina was 1,257,000 tons, a slight increase of 0.88% year-over-year[6] - The output of primary aluminum (including alloys) was 562,000 tons, up 14.00% compared to the previous year[6] - Total operating revenue for the first three quarters of 2024 was CNY 173.78 billion, a decrease of 7.6% compared to CNY 188.40 billion in the same period of 2023[13] - The operating revenue for the first three quarters of 2024 reached CNY 23,067,887 thousand, an increase of 14.6% compared to CNY 20,102,716 thousand in the same period of 2023[21] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 2.49 billion, down from CNY 3.33 billion in the same period last year[13] - The company’s research and development expenses decreased significantly to CNY 108,920 thousand in the first three quarters of 2024 from CNY 558,518 thousand in the same period of 2023, a decline of 80.5%[21] Profitability Metrics - The company’s gross profit margin improved to 9.1% in 2024, compared to 6.0% in 2023[13] - The company reported an investment income of CNY 3,764,595 thousand for the first three quarters of 2024, which is a substantial increase from CNY 1,456,963 thousand in the same period of 2023[21]